Chemung Financial Issues $45M Subordinated Notes

An update from Chemung Financial ( (CHMG) ) is now available.

On June 10, 2025, Chemung Financial Corporation issued $45 million in subordinated notes due 2035 to accredited investors and institutional buyers. This move aims to support the company’s growth initiatives and regulatory capital ratios, potentially involving balance sheet restructuring. The notes, maturing in 2035, will initially bear a fixed interest rate of 7.75% until 2030, after which they will switch to a floating rate. This strategic financial maneuver is expected to enhance Chemung’s capital structure and support its expansion efforts.

The most recent analyst rating on (CHMG) stock is a Hold with a $57.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Spark’s Take on CHMG Stock

According to Spark, TipRanks’ AI Analyst, CHMG is a Neutral.

Chemung Financial exhibits strong financial performance with consistent growth and solid balance sheet metrics, earning a high score in financial health. However, technical analysis indicates bearish momentum, which weighs down the overall score. The company’s valuation appears attractive, with a low P/E ratio and decent dividend yield, which bolsters its appeal. Furthermore, positive corporate events highlight strategic growth initiatives, enhancing future potential. Overall, while there are strengths in financial performance and valuation, technical indicators suggest caution.

To see Spark’s full report on CHMG stock, click here.

More about Chemung Financial

Chemung Financial Corporation operates as the bank holding company for Chemung Canal Trust Company, which includes a Trust and Wealth Management division managing $2.2 billion in assets. The company has 30 full-service branches across New York and Pennsylvania, focusing on stable markets and expanding into larger, higher-growth areas like Buffalo and Albany.

Average Trading Volume: 12,812

Technical Sentiment Signal: Strong Buy

Current Market Cap: $223.6M

See more insights into CHMG stock on TipRanks’ Stock Analysis page.